Associate TG
Income Tax Benefits to Expect from Union Budget Income Tax Benefits to Expect from Union Budget As the Finance Minister gears up to present the Union Budget on February 1, 2025, for the financial year 2025-26, the middle-class population eagerly awaits announcements that could bring much-needed relief in the income tax structure. With the rising … Read more
Gross Tax Revenue Growth Projected at 10.5-11% Gross Tax Revenue Growth Projected at 10.5-11% As the Union Budget 2025 approaches, expectations are high regarding the government’s fiscal outlook and revenue projections. Official sources indicate that the gross tax revenue (GTR) growth for FY26 is likely to be pegged at 10.5-11% over the revised estimates (RE) … Read more
Income Tax Department to Take Action Against Fraudulent Refund Claims Income Tax Department to Take Action Against Fraudulent Refund Claims Filing Income Tax Returns (ITRs) accurately and transparently is a cornerstone of financial compliance. However, many taxpayers unknowingly jeopardize their financial well-being by engaging in fraudulent refund practices, often facilitated by non-professional agents. The Income … Read more
Proposed Tax Reforms for Salaried Individuals As the Union Budget 2025-26 approaches, expectations are running high among India’s salaried class. Proposed Tax Reforms for Salaried Individuals On February 1st, Finance Minister Nirmala Sitharaman will unveil the government’s financial roadmap for the year. One of the critical areas of focus is tax reforms, particularly those aimed … Read more
Delay in Non-Editable Auto-Populated Liability in GSTR-3B Introduction Delay in Non-Editable Auto-Populated Liability in GSTR-3B In an effort to streamline the Goods and Services Tax (GST) filing process and reduce errors, the GST Network (GSTN) had announced a significant change in the way GSTR-3B returns would be filed starting January 2025. The change would have … Read more
